Following a successful year in 2024 that saw foreign tourist arrivals exceed expectations, the Ministry of Tourism has set an ambitious target of attracting up to more than 7 million international tourists in 2025. “The ministry has set a strategic plan in targeting to attract up to 7.2 million or 7.5 million foreign tourists in […]

The World Bank’s latest Global Economic Prospects report has forecast Cambodia’s GDP growth at 5.5 percent for this year and next year — up from an estimated 5.3 percent last year. Released in Washington on Thursday, the annual report ranks Cambodia among the fastest-growing emerging markets and developing economies in East Asia—ahead of China, Indonesia, […]

Cambodia has showcased its tourism potential at the ASEAN Travel Exchange (TRAVEX) in Malaysia, sharing insights into the country’s rich cultural and natural attractions, and highlighting the Kingdom’s readiness to welcome international tourists in 2025. In a press briefing held at the ASEAN Travel Exchange (TRAVEX), in Johor Bahru, Malaysia, Ouk Sam Ath, Deputy Director […]

Cambodia’s economy is projected to grow at 6.3 percent in 2025, said the Budget in Brief report for the Fiscal Year 2025, released by Ministry of Economy and Finance (MEF) on Tuesday. According to the assessment of the Royal Government’s medium-term public financial framework, the growth is expected to increase the current price of Gross […]

The Royal Government of Cambodia (RGC) Wednesday organised a meeting to review and discuss the ‘Logistics Performance Index (LPI) Score’ published by the World Bank aimed to assess and improve the Kingdom’s logistics as part of broader efforts to enhance trade efficiency and support sustainable economic development. The meeting, presided over by Sun Chanthol, Deputy […]

The Ministry of Commerce (MoC) recently convened an internal meeting to evaluate the draft of Cambodia’s Digital Trade Policy for the period 2025-2030. This initiative aims to promote digital inclusivity and enhance the nation’s integration into the global market. The meeting, held on Wednesday, January 15, 2025, was presided over by Reach Ra, Secretary of […]

King Father Norodom Sihanouk devoted his life to Cambodia’s political independence and was committed to economic development. In March 1955, he gave up the throne to his father, Suramarit, to deepen his involvement in governance. He formed a political party, won the general election, and became prime minister to lead the government. Sihanoukville is a […]

The Ministry of Public Works and Transport (MPWT) reported a big jump in registration of electric vehicles (EVs) in 2024, thanks to the support of people and the gains of population among users. In 2024, there were a total of 2,253 registered EVs, an increase of 620 percent over 2023, which registered new EVs of […]

Phnom Penh: Former Prime Minister and current Senate President Samdech Techo Hun Sen commemorated the 40th anniversary of his election as Chairman of the Council of Ministers—now known as Prime Minister—on January 14, 2025, a milestone marking his long-standing leadership in Cambodia. In a post on social media, Samdech Techo Hun Sen stated, “Today marks […]

Phnom Penh: The Council for the Development of Cambodia has approved investment projects projected to create approximately 320,000 jobs across nearly 500 initiatives throughout 2024. Economists assert that this growth signals promising economic trends and job opportunities, indicative of Cambodia’s political stability under the leadership of the 7th Royal Government. Dr. Chheang Vannarith, Founder and […]

Dr. Hun Manet, Prime Minister of the Kingdom of Cambodia, will pay an official visit to the Republic of the Philippines in February, according to a news release from the Ministry of Foreign Affairs and International Cooperation. The full agenda of his official visit has not yet been revealed, but the Ministry of Foreign Affairs […]

Cambodia’s exports to the United States surged to nearly $10 billion from January to December 2024, up 11 percent compared to the previous year, according to a recent report from General Department of Customs and Excise of Cambodia. The report said that the US is the Kingdom’s largest export destination, followed by Vietnam ($3.6 billion), […]

The Council for the Development of Cambodia (CDC) approved 10 special economic zone (SEZs) investment projects worth $850 million in 2024, creating approximately 4,000 jobs, said a CDC report on Friday. Chea Vuthy, Secretary General of the Cambodian Investment Board of the CDC, presented the report in the the capital during the launch of the […]

A report released by the Cambodia Securities Exchange (CSX) yesterday has detailed major securities market developments throughout 2024, as well as laying down the exchange’s goals for 2025, which include targets such as significantly increasing daily trading values, expanding new trading accounts and introduction of at least six new listings. CSX’s report, ‘Market Situation in […]

Prince Bank and Forte Insurance officially launched a bancassurance partnership on January 11, 2025, to improve financial accessibility and security for Cambodian consumers. The event, hosted at the Prince Holding Group headquarters, signifies the start of a collaboration dedicated to delivering a wide array of financial services that cater to the dynamic needs of the […]

Cambodia’s international trade significantly increased in 2024, growing by 16 percent to $54.74 billion from $46.82 billion in 2023, a report from the General Department of Customs and Excise of Cambodia showed on Jan. 10. The report said the Kingdom exported $26.19 billion worth of goods to foreign markets, a 15.7 percent increase from the […]